Property profile

2711 Commerce NW Dr Rochester, MN 55901

OFF-MARKET
Strip malls
Property ID
US46-1332232
12,870 SF 1.01 ac lot Built 2006
Entity Owned 9-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2006
Total area 12,870 SF
Lot 1.01 ac (44,170 SF)
APN 74.20.44.073547
UPID US46-1332232

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Marketing & Advertising Printing Service
  • Training Center Sports School
  • Eye Care Center Contact Lenses Supplier
  • Parking Lot & Garage

Location

2711 Commerce NW Dr Rochester, MN 55901-3144
Rochester metro Census 1401 ROCHESTER, MN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$510k
CAP Approach CAP
by Request
Comparable Approach Comparable
$721k
Blend (final) Blend
$615k

Owner & transaction history

since 2016
4 recorded transactions
2022
Price N/A
2016
$2.3M
2005
Price N/A
2005
$3.7M

Zoning & alternative use

Top alternative use upside
Commercial (general) $975,000 +98.3%
Medical building $965,000 +97.1%
Office building $795,000 +61.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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